$QI This move directly surged by 137%—from 0.00148 to 0.00354 in an instant, with 24-hour trading volume of 24 million.
Honestly, I didn’t expect it to be this strong. I checked the order book—the depth is very thin. The large orders are all being consumed, not used to sell and dump. This kind of price action is probably 80% the market maker controlling the order flow. For a low-market-cap coin with low liquidity, even a little money coming in can pull out a huge bullish candle.
I didn’t find any real material positive news, so I think the odds are higher that this is a pump-and-dump for distribution.
I sold half around 0.0023, and I’ll hold the rest for now—let’s see if it can get to 0.005.
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$NFP is disastrous—it got dumped straight down by 65%. At around 0.00181, it basically returned to the pre-release level. This drop isn’t a normal pullback; it’s a stampede. The trading volume is only about 3.8 million, yet the price drop is so large. That suggests buy orders can’t really absorb the panic selling—limit orders just aren’t getting picked up.
Some people say the project team ran away, others say it’s contract liquidations killing each other off. I think both are possible.
I’m not catching falling knives with this coin. I’ll wait until it stabilizes before considering anything. BTC is still consolidating around 84,000. Funding rate is 0.0005, which is still fairly healthy—no major issues for now.
Anyone thinking about bottom-fishing? Tell me what you think—can $QI still be chased?
#Write2Earn #Crypto
⚠️ Personal opinion only; not investment advice.
Honestly, I didn’t expect it to be this strong. I checked the order book—the depth is very thin. The large orders are all being consumed, not used to sell and dump. This kind of price action is probably 80% the market maker controlling the order flow. For a low-market-cap coin with low liquidity, even a little money coming in can pull out a huge bullish candle.
I didn’t find any real material positive news, so I think the odds are higher that this is a pump-and-dump for distribution.
I sold half around 0.0023, and I’ll hold the rest for now—let’s see if it can get to 0.005.
---
$NFP is disastrous—it got dumped straight down by 65%. At around 0.00181, it basically returned to the pre-release level. This drop isn’t a normal pullback; it’s a stampede. The trading volume is only about 3.8 million, yet the price drop is so large. That suggests buy orders can’t really absorb the panic selling—limit orders just aren’t getting picked up.
Some people say the project team ran away, others say it’s contract liquidations killing each other off. I think both are possible.
I’m not catching falling knives with this coin. I’ll wait until it stabilizes before considering anything. BTC is still consolidating around 84,000. Funding rate is 0.0005, which is still fairly healthy—no major issues for now.
Anyone thinking about bottom-fishing? Tell me what you think—can $QI still be chased?
#Write2Earn #Crypto
⚠️ Personal opinion only; not investment advice.